Kohl’s (NYSE:KSS) Sees Large Volume Increase – Still a Buy?

Kohl’s Co. (NYSE:KSS) saw unusually-high trading volume on Wednesday . Approximately 4,108,054 shares changed hands during mid-day trading, a decline of 35% from the previous session’s volume of 6,329,357 shares.The stock last traded at $15.45 and had previously closed at $15.22.

Analyst Ratings Changes

KSS has been the topic of a number of research analyst reports. Citigroup dropped their target price on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday. Morgan Stanley dropped their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research note on Thursday, August 29th. Gordon Haskett cut shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a research note on Tuesday. Finally, Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and a consensus price target of $17.22.

Kohl’s Stock Down 3.1 %

The stock’s 50 day moving average is $18.70 and its 200 day moving average is $20.68. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.16 and a current ratio of 1.05. The company has a market capitalization of $1.64 billion, a PE ratio of 6.64, a PEG ratio of 1.37 and a beta of 1.94.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business’s revenue was down 8.5% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. On average, sell-side analysts anticipate that Kohl’s Co. will post 1.35 EPS for the current fiscal year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 13.56%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kohl’s

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in shares of Kohl’s by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after buying an additional 9,925,878 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Kohl’s by 226.4% in the 3rd quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock worth $2,902,000 after buying an additional 95,398 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Kohl’s by 49.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock worth $88,000 after buying an additional 1,281 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc increased its holdings in shares of Kohl’s by 100.0% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock worth $1,839,000 after buying an additional 40,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Kohl’s by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after buying an additional 52,126 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

About Kohl’s

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.